meta_pixel
Tapesearch Logo
Log in
Scratch & Win

Why does sports betting feel different?

Scratch & Win

GBH News

History

51.5K Ratings

🗓️ 19 March 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

Lotteries are part of a long trend toward more and more legal gambling: bingo helped open the door for lotteries, just as lotteries helped open the door for casinos. And by that logic, sports betting is just the latest addition to the trend. So why does it feel so different?

In the first of three interview episodes expanding on themes from the series, host Ian Coss speaks with gambling historian Jonathan Cohen about why this expansion of legal gambling is unlike anything that came before it.

Cohen’s new book "Losing Big: America’s Reckless Bet on Sports Gambling” is out April 1st, 2025.

Transcript

Click on a timestamp to play from that location

0:00.0

Do you want to know what it's like to hang out with MS-13, El Salvador,

0:03.7

or how the Russian mafia fought battles all over Brooklyn in the 1990s?

0:07.2

What about that time I got lost in the Burmese jungle hunting the world's biggest meth lab?

0:11.1

I'm Sean Williams.

0:12.2

And I'm Danny Gold.

0:13.4

And we're the host of the Underworld podcast.

0:15.7

We're journalists that have traveled all over, reporting on dangerous people and places. And every week will be bringing you a new story about organized crime from all over the world.

0:23.7

Available wherever you get your podcasts. Support for Scratch and Win comes from M. Steiner and Sons,

0:30.6

celebrating the anniversary of Steinway and Sons throughout March with special offers on new Steinway and Steinway designed Boston and Essex

0:39.6

pianos. Learn more at M. Steiner.com. When we did our last series about the Big Dig, after it was done,

0:49.0

I found myself having a lot of conversations, some very casual, some out in public, but often about how that

0:56.8

whole story spoke to our current moment, what it says about now. With our new series, Scratch

1:03.8

and Win, I very much wanted to have those conversations, but this time share them with you.

1:10.2

We've got three coming up, each on a different theme from the show.

1:15.5

So one of the arguments I've been making is that lotteries are part of a long trend towards more and more legal gambling.

1:23.9

Bingo helped open the door for lotteries, just as lotteries helped open the door for casinos.

1:30.3

And by that logic, sports betting is just the latest addition to that trend.

1:35.3

But to me, it feels like something else.

1:43.3

In 2018, the Supreme Court effectively legalized sports betting when they overruled a decade's old law blocking it.

1:51.9

The effect has been dramatic, to say the least, and in many ways concerning.

1:57.5

To put a couple numbers on it, in states that have legalized sports betting, bankruptcies have increased by 28%.

2:05.1

In households that have gotten into sports betting, investing has dropped by 14%.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from GBH News, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of GBH News and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.